Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 222.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,018 shares of the company’s stock after purchasing an additional 225,595 shares during the period. DAVENPORT & Co LLC’s holdings in Schwab US Dividend Equity ETF were worth $8,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC acquired a new position in shares of Schwab US Dividend Equity ETF during the 2nd quarter worth about $879,000. Massmutual Trust Co. FSB ADV boosted its holdings in Schwab US Dividend Equity ETF by 29.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,689 shares of the company’s stock valued at $143,000 after purchasing an additional 389 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in Schwab US Dividend Equity ETF by 37.1% in the third quarter. Harbor Investment Advisory LLC now owns 3,384 shares of the company’s stock valued at $286,000 after purchasing an additional 915 shares during the last quarter. Quent Capital LLC raised its holdings in Schwab US Dividend Equity ETF by 86.6% during the third quarter. Quent Capital LLC now owns 517 shares of the company’s stock worth $44,000 after purchasing an additional 240 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Schwab US Dividend Equity ETF by 56.8% during the 3rd quarter. GAMMA Investing LLC now owns 3,251 shares of the company’s stock worth $275,000 after buying an additional 1,178 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA SCHD opened at $27.83 on Monday. The firm’s fifty day moving average price is $28.02 and its 200 day moving average price is $27.96. Schwab US Dividend Equity ETF has a 12 month low of $25.16 and a 12 month high of $29.72. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.